Kesko Oyj (OTCMKTS:KKOYY) Short Interest Up 2,850.0% in November

Kesko Oyj (OTCMKTS:KKOYY) was the recipient of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 5,900 shares, a growth of 2,850.0% from the October 31st total of 200 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 1.5 days.

Kesko Oyj Price Performance

OTCMKTS KKOYY opened at $9.91 on Thursday. Kesko Oyj has a 1-year low of $8.40 and a 1-year high of $10.89. The stock has a 50-day moving average of $10.25 and a 200-day moving average of $9.62.

Kesko Oyj Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, November 6th. Shareholders of record on Tuesday, October 15th were given a $0.1435 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This is an increase from Kesko Oyj’s previous dividend of $0.13. Kesko Oyj’s payout ratio is presently 56.00%.

About Kesko Oyj

Kesko Oyj engages in chain operations in Finland, Sweden, Norway, Estonia, Latvia, Lithuania, and Poland. The company operates through Grocery Trade, Building and Technical Trade, and Car Trade divisions. The Grocery Trade segment comprises wholesale and B2B trade of groceries, and retail of home and specialty goods under the K-retailer brand; and operates store retail chains under the K-Citymarket, K-Supermarket, K-Market, and Neste K grocery brand.